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How did a Macy’s worker conceal up to $154 million in fake expenses? Experts weigh in
Macy’s is in crisis mode after disclosing that an employee cooked the books for years, using unethical accounting practices to hide well over $100 million in phony expenses. On Monday, the retailer announced it would delay the full release of its third-quarter earnings,
Macy’s Worker Hid Millions in Expenses, Prompting Earnings Delay
Macy’s Inc. is delaying its third-quarter earnings release after an investigation revealed an employee hid more than $100 million of expenses over several years.
Macy's finds employee hid $154 million in expenses, report delayed
Macy's announced Monday that it would delay its full third-quarter earnings report because of an employee hiding up to $154 million in expenses, sending its stock plummeting in early trading.
A Macy’s employee made accounting errors ‘intentionally,’ hiding up to $154 million in expenses. Now the company’s earnings report is delayed
The Macy’s employee, who is no longer with the company, hid delivery expenses during the course of almost three years.
Macy's Delays Q3 Earnings After Employee Hid up to $154M in Expenses
An internal investigation revealed that a single employee intentionally concealed these expenses over nearly three years.
5h
on MSN
Macy's: Employee hid upwards of $154M in delivery expenses
Macy's announced an employee has "hid" up to $154 million, prompting the U.S. department store chain to delay the release of ...
12h
on MSN
Macy's $132 million mystery has auditing experts scratching their heads
While Macy's says a single employee was responsible for the error, accounting and auditing experts told BI it should have ...
2h
on MSN
The Macy’s Thanksgiving Day Parade is 100 years old. Here’s a look through the years.
Set to take place on Thanksgiving morning 100 years ago, the first Macy’s Parade promised to be a magnificent affair. A ...
21h
on MSN
Macy's says employee 'intentionally' hid up to $154M in expenses
Macy's says it will push back its third-quarter earnings report after discovering an employee "intentionally" hid as much as ...
20h
Macy's delays earnings release as it says employee hid up to $154 million in delivery expenses
Macy's posted preliminary third-quarter results but delayed its full earnings report as it investigates up to $154 million in ...
21h
Macy's says an employee hid as much as $154 million in expenses
The employee "intentionally made erroneous accounting accrual entries" to hide millions of dollars, Macy's said. The error ...
soapcentral
2h
Who are the auditors of Macy’s? All you need to know about luxury fashion store’s $154 million accounting issue
Macy's is going through a serious accounting debacle after learning that a single employee purposefully falsified accounting ...
Intelligencer on MSN
21h
How Did One Macy’s Employee Hide $154 Million?
The retailer’s surprise announcement that one employee concealed a fortune leaves a lot of unanswered questions.
Yahoo
3h
Macy's Thanksgiving Day Parade: How to watch in AZ and who's performing
It’s been 100 years since
Macy’s
Herald Square department store in New York City held its first Thanksgiving Day Parade, ...
22h
on MSN
Macy's says an employee hid up to $154 million in expenses
Macy's delays its quarterly earnings report after discovering that an accounting unit employee concealed delivery expenses.
16h
What Small Business Owners Should Learn from Macy’s Missing $150 Million
The department store chain had to delay its third quarter financial statements after uncovering 'erroneous accounting accrual ...
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